NH NongHyup Financial Group said on the 18th it will sequentially roll out three new inclusive finance products to support vulnerable groups.
NH NongHyup Bank will launch a product this month that provides funds up to 10 million won for vulnerable borrowers such as young people, people with disabilities, single-parent households, and farmers, who have difficulty verifying income. For diligent repayers at capital and savings banks, it plans to introduce a "credit ladder" product.
NH Savings Bank plans to launch a women-only small-loan product in the first quarter of this year. NH NongHyup Capital on the 5th launched the youth loan product "2030 Youth Ana Dream." It eases income requirements and refunds part of the interest expense as points to customers who repay diligently.
NongHyup Financial has previously said it will provide 108 trillion won in productive and inclusive finance by 2030. Of that, inclusive finance totals 15.4 trillion won.